My little conspiracy theory -- am I crazy?

[Capitalocracy]

So I have a little conspiracy theory here. Perhaps I'm crazy, I don't know. I'll let you be the judge.

QE, Quantitative Easing... essentially, handing over billions of dollars to the bank at near-zero interest rates.

What did the banks do with that money? Well, much of it was invested in government bonds. This is widely recognized among progressives as a backdoor bailout... low-interest loans invested back into the government at higher interest is just free money.

But take it a step further. S&P famously publicly questioned the stability of investing in the U.S., calling into question our ability to pay back our loans. A lot of people have come up with interesting theories like they're trying to undermine Obama, they're trying to affect the economic recovery, they're trying to influence Congress to go ahead with the shock doctrine-esque budget cuts, etc.

But I have another theory. How can you increase the interest rates on government bonds without increasing the Fed interest rate at which banks borrow? You question the ability of the U.S. government to pay back its loans and hope this raises the interest rates they offer to attract investors. I think what S&P did was a manipulation meant to inflate the size of this backdoor bailout, shoveling more taxpayer funds into the hands of the bankers by increasing the interest rate on government bonds purchased by banks without increasing the interest rate at which those banks borrow the money to buy them from the government. We know S&P has a history of manipulating markets through their biased ratings, helping create the financial collapse.

I know I'm late to the game talking about the S&P story and nobody's talking about it and it's not in the news anymore and all anyone is talking about now is a wedding and a birth certificate, and maybe some tornadoes, but I thought I'd post my little conspiracy theory and see what you guys think. Am I Glenn Beck crazy?